+Article 4b 4.

Article 4b 4.

A PTRR service provider shall:

(a) 

comply with the pre-agreed rules of the PTRR exercise, including methods and algorithms in prescheduled cycles, and act in a reasonable, transparent and non-discriminatory manner;

(b) 

ensure that entities participating in a PTRR exercise have no influence over the result of the PTRR exercise;

(c) 

undertake regular compression exercises where PTRR exercises result in new PTRR transactions;

(d) 

keep complete and accurate records of all transactions executed pursuant to a PTRR exercise, including:

(i) 

information on transactions entered into as part of the PTRR exercise;

(ii) 

transactions resulting from the PTRR exercise either as modified transactions or as new transactions; and

(iii) 

the overall change in the risk of the different portfolios included in the PTRR exercise;

(e) 

upon request make available, without undue delay, the records referred to in point (d) to the relevant competent authority and to ESMA; and

(f) 

monitor the transactions resulting from the PTRR exercise in order to ensure, to the extent possible, that the PTRR exercise does not result in any misuse or circumvention of the clearing obligation.

1. Prezentare generală

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1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe

3. Standarde asociate

Standarde